Category: CryptoX News

Bitrue announces $40m investment fund to back AI, defi, and gamefi startups

Cryptocurrency exchange Bitrue says it has allocated $40 million for its new fund to help teams develop their technology and “bring their coins to fruition.” Singaporean crypto exchange Bitrue is launching a $40 million investment fund in an effort to support nascent web3 companies, the exchange said in a Thursday blog announcement. Startups can receive up to $200,000 in funding from Bitrue Ventures, along with additional support such as development expertise, industry connections, and management support. Although no specific technical requirements have been outlined, Bitrue Ventures indicated a preference for…

Deutsche Boerse-backed Eurex adds support for Ethereum to crypto derivatives list

German derivatives exchange Eurex has announced the expansion of its portfolio, listing Ethereum-based futures and options index. Eurex Exchange, a German derivatives exchange known for trading European-based derivatives, has announced the listing of Ethereum-based index products, citing a “significant trading and hedging demand from institutional and professional customers.” In a Thursday announcement, the Deutsche Börse-backed derivatives exchange unveiled that its new product, FTSE Ethereum Index Futures and Options, is set to launch on Aug. 12, following the 2023 introduction of FTSE Bitcoin Index Futures and Options. “There is significant trading…

Spot BTC ETF inflow plunged 87%, crypto market faces correction

The cryptocurrency market has witnessed a notable correction after a significant decrease in the Spot Bitcoin ETF inflows in the U.S. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $53.3 million in inflows on July 17, showing an 87% decrease from July 16. This is the lowest amount of net inflows for the investment products since July 5. Data shows that the iShares Bitcoin Trust (IBIT) alone saw $110.4 million in inflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) also brought $2.8 million…

Short sellers see $50 million liquidated as BTC, ETH surge

Bitcoin and Ethereum have seen more than $50 million in short liquidations in the past 24 hours, with these coming as prices surged to multi-week highs. Despite most of the liquidation volume coming from shorts, bullish bets also suffered, with over $58 million in long positions liquidated across the market. Early trading hours on Wednesday though saw the market rip higher, with Bitcoin (BTC) jumping from lows of $64k to above $66k on major exchanges. Ethereum (ETH) rose above $3,500. This price spike led to widespread liquidations, as data from…

SEC Commissioner Peirce says staking for spot Ether ETFs may be reconsidered

While the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs minus the staking option, Commissioner Hester Peirce says this could be open for reconsideration. Peirce shared this view during an interview with Coinage, noting that the exclusion of staking for spot Ethereum (ETH) ETFs or other spot ETF features can be reassessed. “There were features of the product that some people would have liked to see included but weren’t — those are always open for reconsideration as far as I’m concerned,” the SEC Commissioner noted. Peirce declined to…

Okx Quits Nigerian Market, Users Urged to Withdraw Funds Before Deadline

Okx, a leading cryptocurrency exchange, has announced its decision to discontinue services in Nigeria starting from August 16, 2024. The company cited unfavorable policies by the Nigerian government as the reason for this move. Okx said Nigerian users are advised to withdraw their funds from the platform before the specified date. This decision is similar […] Source BitcoincryptoexchangeExchanges CryptoX Portal

The Meme Games raises over $100K on opening day of presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. A new memecoin is in town, as an exciting project called The Meme Games has just launched a presale. It has raised over $100K in its opening 24 hours, suggesting this memecoin has real head-turning characteristics. Investors scramble to buy MGMES at $0.009 Buy low, sell high – that’s every…

Vitalik Buterin Warns Against Political Support Based on Crypto Stance

Ethereum co-founder Vitalik Buterin advised against basing political support solely on a candidate’s pro-crypto stance. He emphasized the importance of broader values like individual freedoms and technological advancement. “Crypto-friendly now does not mean crypto-friendly five years from now,” he stressed. Buterin Highlights Risks of Narrow Political Focus in Crypto Ethereum co-founder Vitalik Buterin has cautioned […] Source CryptoX Portal